rich1.0npub1k9ajtzw275c34txkcf3frjrvgez6rjvhlqqvh6uwmjucekafds0q5kwv59https://nostr.ae/npub1k9ajtzw275c34txkcf3frjrvgez6rjvhlqqvh6uwmjucekafds0q5kwv59njumphttps://nostr.ae📅 Original date posted:2015-05-10 📝 Original message:> How much will that cost me? > The network is hashing at 310PetaHash/sec right now. > Takes 600 seconds to find a block, so 186,000PH per block > 186,000 * 0.00038 = 70 extra PH > > If it takes 186,000 PH to find a block, and a block is worth 25.13 BTC > (reward plus fees), that 70 PH costs: > (25.13 BTC/block / 186,000 PH/block) * 70 PH = 0.00945 BTC > or at $240 / BTC: $2.27 > > ... so average transaction fee will have to be about ten cents ($2.27 > spread across 23 average-sized transactions) for miners to decide to > stay at 600K blocks Surely that's an *extra* $2.27 as you've already included .13BTC ($31.20) in fees in the calculation ? Rob